Prospect theory and institutional investors
There is ample evidence that past performance affects the trading decisions of individual investors. This paper looks at this issue using a detailed database of currency trading decisions of institutional investors. Past performance manifestly affects currency risk-taking in this group, but the sign...
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Main Authors: | , |
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Format: | text |
Language: | English |
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Institutional Knowledge at Singapore Management University
2003
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Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/5231 https://ink.library.smu.edu.sg/context/lkcsb_research/article/6230/viewcontent/SSRN_id457741__1_.pdf |
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Institution: | Singapore Management University |
Language: | English |